Everyone's Giving Up on UiPath Stock. Here's Why I'm Not.
In the competitive business world, even small increases in efficiency can propel a company to success over its rivals. Artificial intelligence (AI) and robotic process automation (RPA) can help create those increases, making them incredible tools for productivity.
One large financial and home loan company, for instance, integrated RPA provided by UiPath (NYSE: PATH) into its workflow and said the changes saved it 10,000 man-hours annually. These robots perform functions using off-the-shelf software that was previously done manually. Perhaps the best part is that these RPA services are nearly 100% accurate and work 24 hours a day.
The profitability and growth implications for the client company are massive. It gets more done with fewer employees, more accurately, and the robot tools allow those employees to work on high-level, mission-critical tasks rather than repetitive, lower-level ones. Examples like this show why UiPath has potential as a company.
Source Fool.com
